Banny Wang
Senior Manager, Business Advisory Services
Washington, DC
Senior Manager, Business Advisory Services
Washington, DC
Banny works as a Business Advisory Services senior manager at USCBC. Prior to joining the Council, she interned at UNICEF, Atlas Corps, and East IP Law Firm. She received her BA degree in International Relations from the Maxwell School of Citizenship and Public Affairs at Syracuse University, focusing on international law and organizations. While studying at SU, she also minored in Japanese Studies and studied abroad in Osaka, Japan. She is fluent in Mandarin Chinese and can speak business Japanese.
Last month, the Chinese Communist Party’s 20th Central Committee concluded its fourth plenary session, during which it adopted the Central Committee’s proposal for formulating the 15th five-year plan covering 2026 to 2030. Beijing has acknowledged a growing pressure to maintain social stability and advance reforms amid more volatile geopolitical conditions. As such, the proposal points to an enhanced role for indigenous innovation, industrial upgrading, and domestic consumption as key drivers of secure and sustainable growth.
China’s State Council has finalized the Notice on Implementing Policies for Domestic Product Standards in Government Procurement after several rounds of public consultation. The document introduces China’s first-ever nationwide definition of “domestic product” for government procurement purposes. This notice will take effect on January 1, 2026.
On September 8, the National People’s Congress Standing Committee (NPCSC) reviewed the draft amendment to the existing Foreign Trade Law (FTL), which proposes expanding the law’s legislative objectives to include “safeguarding national sovereignty, security, and development interests.” The amendment also introduces provisions affirming that foreign trade should serve China’s broader economic and social development goals.
By offering an avenue for Beijing to reorient its exports and for Washington to strengthen existing China trade restrictions, third countries are becoming a key front in bilateral trade conflict.